“We are really thinking of closing after December 15. We don’t know if completely or for a specific period of time yet. I don’t know how we’ll do it because there are some conditions about fully closing, and they have to do with us resorting to the furlough funding aid during lockdown so we may do nothing to affect the staff. We will continue minimal operations, but we will subsidize our employees’ pay ourselves,” Radu Enache, CEO and chairman of Continental Hotels, told ZF.
The hotel chain of Radu Enache has seen its revenue shrink 60% so far compared with the same time last year.
Spending rose due to the steps taken to contain the spread of the virus, with about 180 lei (EUR37) more spent per room, Radu Enache added.
(English version by Loredana Fratila-Cristescu)